Australia plans to impose fines on digital asset trading platforms of up to 10% of its annual return if it is proven to be raped with the new rules stipulated in the legislative project issued today, Thursday, and the proposal requires that trading platforms – and other defenders of these activities – obtain a license from Australian Financial Services Authority.
Entities that do not practice their activities will be confronted with integrity and impartiality, or will participate in misleading practices, or in contracts signed on unpertified conditions, the most serious punitive levels are consistent with the anti-money laundering standards currently followed by transactions and taxes of Australian investment gain (ATO).
Determine a survey period to train the basics of senior actors in the sector
The Australian Tax Office (ATO) can impose fines of up to 3 times the quarrels that are introduced as a smuggling or seek to imprison the offenders in the event of serious violations, while the project law will remain available for the modification and seek opinions until October 24, in a decision of one of the most important stages to organize a sector that includes major world actors such as Kraken.
Australian legislators repeatedly warn the risks of the general request for chipo investments and the demand for the supervisory and security authorities alongside the Australian Central Bank to apply more criteria to the sector, which called for Austrac to issue an order for the branch of the Binance platform working within the country to undergo an independent external audit to check the concerns related to the The platform.
@binance Facing the compulsory audit in Australia on concepts of serious LMA and terrorism during the nationwide reception campaign.#Binance #Australiahttps://t.co/lvsofjm6gc
– cryptonews.com (@cryptonews) August 22, 2025
The new rules place Chipto platforms under the penalty of business law
The Ministry of the Treasury said that this new system would submit digital assets and static conservation of digital assets and in a representative manner to business law, in particular by joining customer protection standards and obtaining an official license, but small players in the sector will not be exposed to the maximum of these fines; When platforms that treat transactions of less than $ 10 million will be exempt each year, and the average investment of its customers is less than $ 5,000 in these fines.
These efforts reflect the Australian government’s attempt to balance investors and provide freedom of innovation, and assessments in the sector should contribute next month to the final legislative framework before its project is subject to the vote of the Parliament.
In a Separate Framework, The Australian Committee for Securities and Investments (ASIC) Grants Last Week An Exemption to the Brokerage Companies Provided by the Stable Currencies Exported by Licenseed Bodies from the Australian Financial Services Authority (AFS), and the Applied Procedure Luille 2028 WILL Exceptions from Settlement Licenses when Dealing With the Use of Stable Currencies Belonging to License, which is an exemption it is the first in Australia in Australia, and indicates the elasticity of the legislators if it provides prior control over financial licenses.
Post Australia plans to impose fines that can go up to 10% of yields if the Cartet rules are raped compared to Arab Cryptonews.
